Sec. 17. “Person” means:

(1) an individual;

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Terms Used In Indiana Code 32-25-2-17

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(2) a firm;

(3) a corporation;

(4) a partnership;

(5) an association;

(6) a trust;

(7) any other legal entity; or

(8) any combination of the entities listed in subdivisions (1) through (7).

[Pre-2002 Recodification Citation: 32-1-6-2(p).]

As added by P.L.2-2002, SEC.10.